MEDICAID: ELIGIBILITY (2 OF 4)
01.Core Concepts
• To meet the financial requirements for Medicaid, a person must have limited income and limited assets. A person’s income includes: • Regular benefit payments such as Social Security retirement or disability payments • Veterans’ benefits • Pensions • Salaries • Wages • Interest from bank accounts and certificates of deposit • Dividends from stocks and bonds • Medicaid generally does not count: • Nutritional assistance (food stamps) • Housing assistance provided by the federal government • Home energy assistance 57 MEDICAID: ELIGIBILITY (3 OF 4) • Many assets are not counted when determining Medicaid eligibility. Assets that are counted include: • Checking and savings accounts • Stocks and bonds • Certificates of deposit • Real property other than your primary residence • Additional motor vehicles if you have more than one • Retirement plan assets that can be withdrawn in a lump sum (such as IRAs and 401(k)s)